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QEP Resources, Inc. (QEP)
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QEP Resources, Inc. Income Statement 2020-2011 | QEP
Brief overview of financial performance at QEP Resources, Inc.
The overview follows changes across a five-year period. Revenue reported by QEP Resources, Inc. was 2 billion dollars at the beginning of the period and 724 million dollars at the end. The cumulative result was −64.1%, corresponding to roughly −18.5% per year. Revenue ended the period on a sustained downward trend.
Gross profit changed from −143 million dollars to −68.6 million dollars (+52%). The gross margin was −7.1% at the start and −9.5% at the end. The contraction points to pressure from direct costs or weaker pricing power.
The five-year EBITDA result moved by −34.1%: from 558 million dollars to 368 million dollars. EBITDA expanded faster than the top line. EBITDA margin was 27.6% at the start and 50.7% at the end. The business generated more EBITDA from each unit of revenue.
Net income moved from −$149 million at the start to $3.2 million at the end. The return to profit marks a meaningful recovery in the final result.
Market capitalization changed from $2.3 billion to $689 million (−69.6%). The market is not yet fully reflecting the fundamental progress.
Financial takeaway
The results contain several connected negative signals. Key strengths include higher operating efficiency and net-income growth. The main areas of concern are a low gross margin, a weaker market valuation and weak sales momentum. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement QEP Resources, Inc.
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
689 M | 784 M | 2.05 B | 2.24 B | 3.87 B | 2.26 B | 3.64 B | 5.61 B | 5.27 B | 5.16 B |
Shares |
242 M | 238 M | 238 M | 241 M | 222 M | 177 M | 180 M | 179 M | 178 M | 176 M |
Net Income |
3.2 M | -97.3 M | -1.01 B | 269 M | -1.24 B | -149 M | 784 M | 159 M | 128 M | 267 M |
Revenue |
724 M | 1.21 B | 1.93 B | 1.62 B | 1.38 B | 2.02 B | 3.41 B | 2.94 B | 2.35 B | 3.16 B |
EBITDA |
368 M | 703 M | 1.13 B | 723 M | 483 M | 558 M | 1.5 B | 1.4 B | 917 M | 1.49 B |
Operating Expenses |
148 M | 205 M | 340 M | 421 M | 200 M | 184 M | 214 M | 203 M | 278 M | 889 M |
General and Administrative Expenses |
92 M | 156 M | 222 M | 154 M | 198 M | 181 M | 204 M | 191 M | 267 M | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company QEP Resources, Inc. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.